Property investors who have had real estate in Tennant Creek, 0860 should be pleased with this NT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 41.33%
Taking the average capital gain, or increase in median house value, Tennant Creek,0860 has racked up an average of 41.33% over the period. This ranks it number 3833th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $395 mark per week – giving a return of 9.69% based on the median price in Suburb
Information supplied by:
Tennant Creek, NT – Occupancies stay low
Median house price: $190,000
Vacancy rate: 0.6%
Three-year growth: -24.0%
Tennant Creek showcases the heart of the Outback, with a wealth of history, nature and culture. The last gold rush in Australia happened in this area in the 1930s, and since then, it has been known as the Top End’s “heart of gold.”
The Battery Hill Mining Centre celebrates this heritage by offering an underground tour. The Warumungu people reside here, and the Nyinkka Nyunyu Art and Culture Centre pays tribute to the native culture next to the Winanjjikari Music Centre. Lake Mary Ann is a picturesque swimming spot that can be reached via a walking trail through the Honeymoon Ranges.
After prolonged period of decline, Tennant Creek is picking up, with vacancy rates remaining quite tight.